3/12/2013

Obama | Property Foe

Obama | Property Foe

Person of the year life liberty

This is the third in a series of posts: Obama | Foe of LifeFoe of Liberty…Foe of Property

When General Motors and Chrysler were in financial trouble… investors owned bonds in these companies. Bonds in a company are property. The outcome of the solutions to the financial problems, resulted in the bond holders losing their investments entirely. However, money ended up in union hands.

“I said, I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,” he said. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry. Obama… Source

There are loan companies in the private sector. These loan companies made student loans. The Obama administration has given the government more power in the student loan business. Taking business out of the private sector…and putting it in the government sector…is taking property from the private sector.